More downgrades coming for Chinese real estate sector: Moody's has downgraded Guangzhou Fineland Real Estate Development Co., Ltd.'s corporate family rating (CFR) to Caa1 from B3 and the company's senior unsecured rating to Caa2 from Caa1.

Shocking revelation.

SEC questions Polestar $PSNY about the sale of securities below market price

CEO and board resignations + ineffective internal controls at 5E Advanced Materials $FEAM 🚩 CFO resignations at Splunk $SPLK & Fleetcor Technologies $FLT 🚩 Aviat Networks $AVNW fires its auditors BDO 🚩 Here are some red flags from the past week! Thread👇 1/

Never forget how much Twitter fumbled the bag with their Vine aquisition. They could have built one of the world's most valuable companies – instead they decided to shut it down.

The SEC just suspended $TOP. The SEC has acted to prevent a clear fraud while NASDAQ has once again abdicated its role as market gatekeeper, in favor of collecting listing fees. sec.gov/litigation/sus…

Sounds great, where can I buy the leveraged short version of this?

Hey it's John_Hempton on the telly kayaking in tasmamia

They learned from their private peers, I see

NEW FROM US: EHang—Hollow Order Book And Fake Sales Make This China-Based eVTOL Company Last In Line For Takeoff hindenburgresearch.com/ehang $EH (1/n)

Adding to the Hindenburg Research report from last week, early EHang Holdings ( $EH) employees in the U.S. describe a culture of corner cutting and questionable ethics that does not bode well for the company's ambitions of autonomous passenger flights. sharesleuth.com/ehang-holdings…

Now Chris Carey is out with a damning report on $EH, outlining fake demos, fake reviews and a dangerous, erratic eVTOL product that once shaved off a piece of the CEO's finger. This company is going to get someone killed. sharesleuth.com/ehang-holdings…

1) We are short The Bancorp, Inc. $TBBK. $TBBK holds $2B in multifamily bridge loans ("REBLs") and claims the book holds "no substantial risk of losses." We think otherwise. Our full report is now available on our website, culperresearch.com

We are short Lasertec Corp (TSE:6920) $6920, one of the largest corporate frauds in Japanese history ($23B market cap) and easily the largest outright fraud in the world by average daily volume. 330 page presentation now live in English and Japanese at scorpioncapital.com:

Since venting about RE prices is the cool thing to do here, allow me to contribute a piece of insanity re the Zurich market: A 144m2 (1550 sq ft) *flat* is selling for $7.5+ million insideparadeplatz.ch/2024/07/05/bin…

Ex-directors allege fraud at Tether-backed crypto group Northern Data on.ft.com/45PSIFJ